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TDUX
Oct 28 - 10:55 PM
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AUD/USD - Softens Slightly, But Traders Still Eye Topside

By James Connell  —  Oct 28 - 08:37 PM

• AUD/USD -0.1% Thur, activity subdued as tide of central bank influence ebbs

• AUD targets 0.7072 55-DMA, break would open topside to 0.7140 resistance

• AU Q3 export prices +1.4% (prior +1.1%), import prices -1.1% (prior +5.7%)

• U.S. core PCE index due Thur, Reuters poll consensus +0.3% m/m, +3.1% y/y

• RBA Governor Bullock says inflation far too high, flags higher OCR

• Futures pricing currently implies 81.6% probability of 25 bps RBA hike Tue

• Range Asia 0.70475-575 support 0.6865 0.6834, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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